There’s no question that builders have jumped wholeheartedly back into the luxury market of Manhattan Beach as prices have soared and seem poised to continue so for quite a while due to the low inventory and pent up demand. Recent prices on new construction homes and even flips have surprised even the most optimistic and it’s not surprise that many original condition homes and fixers are being sold for lot value. Most of these sales are to builders but that’s not always the case as many buyers are willing to build their dream home and pay a premium over what builders are willing to pay. I wanted to thank Mike Michalski from South Bay Brokers for putting this list together.

It wasn’t long ago when the concept of “flipping” a home involved buying homes on the lower end of the market in very bad condition and usually purchased through a short sale or bank auction. One of the reasons this was done in less expensive markets is that the % return was better than in high end markets. In addition many smaller “original” homes in Manhattan Beach are priced too high for traditional buyers for what they are getting and thus these homes are usually purchased by buyers intending on replacing them with the largest home possible.

But there’s been a new trend for these homes with mid range square footage in good locations.